OCSL vs. TFLO
OCSL (Oaktree Specialty Lending Corporation) is a stock, while TFLO (iShares Treasury Floating Rate Bond ETF) is Government Bonds fund tracking the Bloomberg U.S. Treasury Floating Rate Index. Over the past 10 years, OCSL returned 7.74%/yr vs 2.37%/yr for TFLO. At a correlation of -0.03, they often move in opposite directions.
Performance
OCSL vs. TFLO - Performance Comparison
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Returns By Period
In the year-to-date period, OCSL achieves a -3.83% return, which is significantly lower than TFLO's 1.59% return. Over the past 10 years, OCSL has outperformed TFLO with an annualized return of 7.74%, while TFLO has yielded a comparatively lower 2.37% annualized return.
OCSL
- 1D
- -2.96%
- 1M
- -8.45%
- YTD
- -3.83%
- 6M
- -7.79%
- 1Y
- -7.64%
- 3Y*
- -3.06%
- 5Y*
- 0.64%
- 10Y*
- 7.74%
TFLO
- 1D
- 0.02%
- 1M
- 0.31%
- YTD
- 1.59%
- 6M
- 1.92%
- 1Y
- 3.97%
- 3Y*
- 4.74%
- 5Y*
- 3.63%
- 10Y*
- 2.37%
OCSL vs. TFLO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OCSL Oaktree Specialty Lending Corporation | -3.83% | -6.06% | -15.15% | 11.25% | 3.74% | 44.99% | 11.00% | 38.74% | -6.31% | -1.09% |
TFLO iShares Treasury Floating Rate Bond ETF | 1.59% | 4.22% | 5.34% | 5.12% | 1.99% | -0.02% | 0.43% | 2.04% | 1.76% | 1.01% |
Correlation
The correlation between OCSL and TFLO is -0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.03 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since Feb 5, 2014 | -0.03 |
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Return for Risk
OCSL vs. TFLO — Risk / Return Rank
OCSL
TFLO
OCSL vs. TFLO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Oaktree Specialty Lending Corporation (OCSL) and iShares Treasury Floating Rate Bond ETF (TFLO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| OCSL | TFLO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -14.44 | ||
| Sortino ratioReturn per unit of downside risk | -51.23 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 13.94 | -12.98 |
| Calmar ratioReturn relative to maximum drawdown | -0.39 | 201.22 | -201.61 |
| Martin ratioReturn relative to average drawdown | -0.86 | 823.26 | -824.12 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| OCSL | TFLO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.36 | 14.09 | -14.44 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.03 | 10.30 | -10.27 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.29 | 5.21 | -4.92 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.14 | 0.99 | -0.85 |
Drawdowns
OCSL vs. TFLO - Drawdown Comparison
The maximum OCSL drawdown since its inception was -59.52%, which is greater than TFLO's maximum drawdown of -5.01%. Use the drawdown chart below to compare losses from any high point for OCSL and TFLO.
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Drawdown Indicators
| OCSL | TFLO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.52% | -5.01% | -54.51% |
Max Drawdown (1Y)Largest decline over 1 year | -19.77% | -0.02% | -19.75% |
Max Drawdown (3Y)Largest decline over 3 years | -34.16% | -0.04% | -34.12% |
Max Drawdown (5Y)Largest decline over 5 years | -34.16% | -0.13% | -34.03% |
Max Drawdown (10Y)Largest decline over 10 years | -57.32% | -0.16% | -57.16% |
Current DrawdownCurrent decline from peak | -27.33% | 0.00% | -27.33% |
Average DrawdownAverage peak-to-trough decline | -16.42% | -0.10% | -16.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.92% | 0.00% | +8.92% |
Volatility
OCSL vs. TFLO - Volatility Comparison
Oaktree Specialty Lending Corporation (OCSL) has a higher volatility of 8.33% compared to iShares Treasury Floating Rate Bond ETF (TFLO) at 0.07%. This indicates that OCSL's price experiences larger fluctuations and is considered to be riskier than TFLO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OCSL | TFLO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.33% | 0.07% | +8.26% |
Volatility (6M)Calculated over the trailing 6-month period | 17.28% | 0.20% | +17.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.57% | 0.28% | +21.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.87% | 0.35% | +19.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.84% | 0.46% | +26.38% |
Dividends
OCSL vs. TFLO - Dividend Comparison
OCSL's dividend yield for the trailing twelve months is around 13.72%, more than TFLO's 3.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OCSL Oaktree Specialty Lending Corporation | 13.72% | 13.27% | 14.40% | 11.12% | 11.86% | 7.37% | 7.27% | 6.96% | 8.75% | 8.38% | 13.41% | 10.84% |
TFLO iShares Treasury Floating Rate Bond ETF | 3.90% | 4.16% | 5.21% | 4.88% | 1.68% | 0.00% | 0.36% | 2.08% | 1.65% | 0.86% | 0.31% | 0.15% |
Frequently Asked Questions
OCSL and TFLO have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OCSL has higher volatility (8.33%) compared to TFLO (0.07%). In terms of maximum drawdown, OCSL dropped -59.52% vs TFLO's -5.01%.
TFLO currently has the higher Sharpe Ratio (14.09 vs -0.36), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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